PNC FINANCIAL SERVICES GROUP, INC. Earnings Per Share Disclosure
| In millions, except per share data | 2025 | 2024 | 2023 | |||||||||||||||||
| Basic | ||||||||||||||||||||
| Net income | $ | 6,997 | $ | 5,953 | $ | 5,647 | ||||||||||||||
| Less: | ||||||||||||||||||||
| Net income attributable to noncontrolling interests | 61 | 64 | 69 | |||||||||||||||||
| Preferred stock dividends | 308 | 352 | 417 | |||||||||||||||||
| Preferred stock discount accretion and redemptions | 9 | 8 | 8 | |||||||||||||||||
| Net income attributable to common shareholders | 6,619 | 5,529 | 5,153 | |||||||||||||||||
| Less: Dividends and undistributed earnings allocated to nonvested restricted shares | 43 | 33 | 27 | |||||||||||||||||
| Net income attributable to basic common shareholders | $ | 6,576 | $ | 5,496 | $ | 5,126 | ||||||||||||||
| Basic weighted-average common shares outstanding | 396 | 399 | 401 | |||||||||||||||||
| Basic earnings per common share (a) | $ | 16.60 | $ | 13.76 | $ | 12.80 | ||||||||||||||
| Diluted | ||||||||||||||||||||
| Net income attributable to diluted common shareholders | $ | 6,576 | $ | 5,496 | $ | 5,126 | ||||||||||||||
| Basic weighted-average common shares outstanding | 396 | 399 | 401 | |||||||||||||||||
| Dilutive potential common shares | — | 1 | — | |||||||||||||||||
| Diluted weighted-average common shares outstanding | 396 | 400 | 401 | |||||||||||||||||
| Diluted earnings per common share (a) | $ | 16.59 | $ | 13.74 | $ | 12.79 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 29, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.